Best Futures Prop Firms
Compare Apex, TopStep, Earn2Trade and more - find the best futures prop firm for your trading style
Futures Prop Firms Overview
Futures prop firms provide traders with funded accounts to trade futures contracts like ES (S&P 500), NQ (Nasdaq), and other CME products. After passing an evaluation, you trade the firm's capital and keep a large percentage of profits.
The futures prop firm space has grown significantly, with firms like Apex Trader Funding, TopStep, and Earn2Trade leading the market. Each has different rules, costs, and payout structures.
This guide compares the top futures prop firms to help you choose the right one for your trading style and experience level.
Futures Prop Firms Compared
Prices shown are typical rates. Most firms offer frequent discounts of 50-80% off.
| Firm | Account Sizes | Eval Cost (50K) | Profit Split | Daily Drawdown |
|---|---|---|---|---|
| Apex Trader Funding | $25K - $300K | $167/mo | 100%/90% | None (trailing only) |
| TopStep | $50K - $150K | $165/mo | 100%/90% | $1,000-$2,000 |
| Earn2Trade | $25K - $200K | $150/mo | 80% | Varies by plan |
| Bulenox | $10K - $250K | $145/mo | 90% | $500-$1,250 |
| TradeDay | $50K - $150K | $99/mo | 85% | $1,000-$1,500 |
Rules and pricing change frequently. Verify current terms directly with each firm.
Firm Deep Dives
Apex Trader Funding
One of the most popular futures prop firms, known for simple rules and aggressive promotions. Apex uses a one-step evaluation with no daily drawdown limit (trailing drawdown only). This makes it easier to pass than firms with daily limits.
Pros
- + No daily drawdown limit
- + One-step evaluation
- + Frequent 50-80% off promotions
- + 100% profit on first $25K
- + Multiple account sizes
Cons
- - Trailing drawdown can be tricky
- - $85/month PA fee after funding
- - Must request payouts (bi-weekly)
- - Some traders report payout delays
TopStep
One of the original futures prop firms with a strong reputation. TopStep has stricter rules including daily drawdown limits but offers excellent educational resources and a straightforward evaluation process.
Pros
- + Excellent reputation and track record
- + Great educational content
- + 100% of first $10K profit
- + Clear, transparent rules
- + Weekly payouts available
Cons
- - Daily loss limit is strict
- - Only 3 account sizes
- - Higher full prices (discounts common)
- - Consistency rule required
Earn2Trade
Offers multiple evaluation paths including the popular Gauntlet Mini. Known for reasonable pricing and scaling opportunities through their partnership with real broker Helios Trading Partners.
Pros
- + Multiple evaluation options
- + Educational resources included
- + Scaling plan available
- + Real broker backing (Helios)
- + Reasonable pricing
Cons
- - Lower profit split (80%)
- - More complex rule structure
- - Fewer promotional discounts
- - Consistency requirements
Understanding Evaluation Rules
Trailing Drawdown
Your maximum drawdown follows your account high water mark. If you make $2,000, your trailing drawdown rises by $2,000. Once it reaches your starting balance, it typically "locks" in place.
Used by: Apex, most futures prop firms
Daily Loss Limit
Maximum amount you can lose in a single day. Exceeding this fails your evaluation immediately. Forces disciplined daily risk management.
Used by: TopStep, TradeDay, Bulenox
Profit Target
The profit you need to reach to pass. Typically 6-10% of account size. For a $50K account, expect targets of $3,000-$5,000.
Required by: All firms
Minimum Trading Days
Most firms require trading on 5-10 different days minimum. Prevents passing on a single lucky trade.
Typical: 5-10 days minimum
Which Firm is Best For You?
Beginners
Apex - simpler rules with no daily limit make it more forgiving while learning. Focus on trailing drawdown management.
Disciplined Traders
TopStep - if you already manage daily risk well, their clear rules and reputation make them a solid choice.
Budget Conscious
Wait for promotions - all firms run 50-80% off sales regularly. Apex and TradeDay have aggressive discounts.
Scalpers
Apex or Bulenox - no daily limit means you can have a bad morning and still trade the afternoon.
Learning Focus
TopStep or Earn2Trade - both offer excellent educational resources alongside evaluations.
Quick Evaluations
Apex one-step or TopStep Express - faster paths to funding if you're confident in your strategy.
Tips for Passing Futures Evaluations
Important Considerations
Before paying for a futures prop firm evaluation:
Frequently Asked Questions
What is the best futures prop firm?
The best futures prop firm depends on your needs. Apex Trader Funding offers simple rules and frequent promotions. TopStep has a strong reputation and educational resources. Earn2Trade provides flexible evaluation options. Consider account size, rules, and costs when choosing.
How much does a futures prop firm evaluation cost?
Futures prop firm evaluations typically cost $150-$350 per month depending on account size. Larger accounts ($150K+) cost more. Many firms offer 50-80% discounts during promotions, making evaluations as low as $50-100.
What is the profit split at futures prop firms?
Most futures prop firms offer 80-100% profit splits. Apex offers 100% on the first $25K then 90%. TopStep offers 100% on first $10K then 90%. Earn2Trade starts at 80% with scaling to 90%. Some firms increase splits based on performance.
Which futures prop firm is best for beginners?
For beginners, Apex Trader Funding has simpler rules with no daily drawdown limit on most accounts. Earn2Trade offers educational resources and a straightforward evaluation. TopStep has excellent educational content but stricter rules.
Can you trade micro futures at prop firms?
Yes, most futures prop firms allow micro contract trading (MES, MNQ, etc.). This is great for managing risk and building consistency. Some evaluations even allow trading only micros to pass with lower risk.
Information accurate as of December 2025. Verify current rates and terms with providers directly.
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Margin & Commission Disclaimer
Margin requirements and commissions change frequently. Verify current rates with your broker.
Risk Disclosure: Trading involves substantial risk of loss and is not suitable for all investors. This content is for educational purposes only and does not constitute financial advice.
Last updated: December 2025